20905 Silver Spring, MD - Home Sales August 2012

Real Estate Agent with Thompson Company, REALTORS® MD594797

August 2012 was another great good month for home sellers in the 20905 zip-code of Silver Spring, MD. It's not unusual for August sales to proceed at a somewhat slower sales pace compared to previous months (think vacation ... back-to-school frenzy ...) but that was just not the case this time around.

The number of SOLDs are UP! 22 homes sold in 20905 during August 2012 compared to 16 closed transactions during August 2011 and 18 during July 2012 ... it's not a huge jump as in other areas but it's up nonetheless.

The average SOLD price for all homes in 20905 was $425,281 for the month of August. This is less than the average sales price of July 2012 ($465,975) but considerably higher than August 2011 ($382,062).

*When comparing current sales statistics I like to compare the most recent ones with the prior month as well as the same time-frame a year ago. Even if there are seasonal fluctuations, also considering the statistics of the same month a year earlier will give us a better idea about the sales trend and whether or not the Silver Spring Real Estate Market has truly been improving (It has!).*

Comparing the average sales price of detached single-family homes only, August's number is WAY up from a year ago: $471,738 (18 sales) compared to $382,062 (16 sales).

The average days on market was 86 for all properties and 95 for detached homes only. Compared to July's statistics it took a bit longer to sell homes (again.. think vacation time and back-to-school) but that number could go down again as we (quickly) approach fall.

Clearly the overall market trend for 20905 Silver Spring, MD has been a very positive one thus far this year.

20905 Homes For Sale - inventory:

There are 56 homes currently active on the market - 18 of which were added in the month of August (please note: all are standard sales but for one short sale - another positive indicator)


Looking for your dream home in 20905 Silver Spring, MD? I can help you with that! Call, text (240) 593-2860 or email andreabedard@mris.com to schedule your home buyer's consultation.

Posted by







Thompson Company, REALTORS
16910 Oak Hill Rd, Silver Spring, MD 20905
o: (301) 384-9177 c: (240)593-2860


Andrea is a REALTOR® based in Silver Spring, MD. She has enjoyed assisting buyers and sellers since 2004 and focuses on residential Real Estate in  Montgomery and Howard County, MD. Andrea is a proud mom and hobby decorator with a vintage soul. She always answers the phone with a smile, enjoys running and treasure hunting and is addicted to coffee.


 All photographs are my own and I'd like to keep it that way. All information is deemed reliable but not guaranteed.




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Maryland Montgomery County Silver Spring
Market Reports
sales statistics
20905 silver spring
homes for sale in 20905 silver spring
md august 2012 market report

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Andrea,

Another wonderful report - we love to read that "SOLDS" are up!  Have a fabulous weekend!

Sep 07, 2012 08:05 AM #1
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

Hi Lisa, thank you! The number of sales is not as high as in other Silver Spring area zip-codes - that's why I changed great to good - but it's still up ... I'm seeing a trend!

Enjoy your weekend!

Sep 07, 2012 10:34 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Andrea Bedard

M.A.; REALTOR® Silver Spring, MD and beyond
Ready to buy or sell?
Spam prevention

Additional Information